Critical Support Level at $166
NVIDIA continues to be one of the most watched stocks in today’s AI-driven market. After experiencing volatile trading sessions, the chipmaker’s shares are now testing a crucial support zone that could determine the stock’s near-term direction and momentum.
Technical Analysis
Famous trader Ali‘s chart analysis reveals that NVIDIA’s $166 level has emerged as a critical support zone.
The 4-hour price action shows the stock bouncing from this level after a sharp decline, which keeps the bullish scenario intact. The first resistance target sits around $174, with a stronger recovery potentially pushing the price toward $183. Currently,…
